Insider Buying: CAB Payments Holdings Limited (LON:CABP) Insider Acquires 214,000 Shares of Stock

CAB Payments Holdings Limited (LON:CABP) insider James Hopkinson acquired 214,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of GBX 48 ($0.62) per share, with a total value of £102,720 ($132,867.68).

CAB Payments Stock Up 5.0 %

CABP stock opened at GBX 48.90 ($0.63) on Friday. The stock’s 50 day moving average is GBX 58.60 and its 200-day moving average is GBX 80.18. The firm has a market capitalization of £124.23 million and a PE ratio of 6.40. CAB Payments Holdings Limited has a twelve month low of GBX 45.17 ($0.58) and a twelve month high of GBX 166.20 ($2.15).

CAB Payments (LON:CABP) last issued its earnings results on Friday, March 14th. The company reported GBX 6 ($0.08) earnings per share (EPS) for the quarter. CAB Payments had a return on equity of 14.16% and a net margin of 12.21%. On average, equities research analysts anticipate that CAB Payments Holdings Limited will post 14.556213 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their target price on CAB Payments from GBX 105 ($1.36) to GBX 99 ($1.28) and set a “speculative buy” rating for the company in a report on Thursday.

About CAB Payments

CAB Payments Holdings plc and its subsidiaries (CAB Payments) is a market leader in business-to-business cross-border payments and foreign exchange, specialising in hard-to-reach markets. CAB Payments uses its strength of network, technology, and expertise to seamlessly move money where it’s needed and is the holding company for Crown Agents Bank, a UK-regulated bank.